ZIP 37931 - 860Z200US37931 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 37931, located in the Knoxville, Tennessee area, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of over 31,000 and a robust median household income, this area presents a mix of stability and growth potential. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about living, working, or investing in 37931.

Population & Households

ZIP 37931 is home to 31,149 residents, making it a moderately sized community with a suburban feel. The area comprises 12,169 households, reflecting a strong base of families and individuals. With 12,770 total housing units, there’s a slight surplus of homes relative to households, which could indicate availability for new residents or investors looking to enter the market. This balance suggests a stable residential environment with room for growth.

Income & Housing Costs

The median household income in ZIP 37931 stands at $91,284, pointing to a relatively affluent community with solid earning power. This income level supports a comfortable lifestyle and indicates potential spending capacity for local businesses. On the housing front, the median home value is $317,100, reflecting a competitive yet accessible real estate market for middle- to upper-middle-income buyers. For renters, the median rent is $1,450 per month, which aligns with the area’s income levels and suggests a viable rental market for investors. These figures highlight 37931 as a financially stable area with opportunities for both homeownership and leasing.

Race & Ethnicity

The demographic makeup of ZIP 37931 is predominantly White, accounting for 83.42% of the population. Black residents make up 3.88%, while Asian residents represent 1.91%. Hispanic or Latino individuals comprise 6.2% of the population. This composition reflects a largely homogeneous community with some diversity, which may influence cultural dynamics, business offerings, and community engagement. For businesses and investors, understanding this breakdown can help tailor services or marketing strategies to the area’s primary demographic while considering opportunities to serve smaller, growing segments.

Key Facts

• Total population in ZIP 37931: 31,149 residents in 2023.
• Total households: 12,169, indicating a strong residential base.
• Total housing units: 12,770, with a small surplus over households.
• Median household income: $91,284, suggesting financial stability.
• Median home value: $317,100, competitive for the region.
• Median rent: $1,450, supporting a healthy rental market.
• Racial composition: 83.42% White, 6.2% Hispanic, 3.88% Black, 1.91% Asian.

What This Means for You

For homebuyers, ZIP 37931 offers a promising market with median home values at $317,100, which, paired with a median income of $91,284, suggests affordability for many families or professionals. The slight surplus of housing units could mean less competition when searching for a home. Real estate investors and agents will find opportunity in both the purchase and rental markets, as the $1,450 median rent indicates steady demand for leased properties, while home values suggest potential for appreciation in a stable community. Small-business owners can leverage the area’s solid income levels to target a consumer base with disposable income, particularly in family-oriented or essential services, while considering the demographic makeup for tailored offerings. Analysts can use these metrics to benchmark 37931 against neighboring ZIP codes or assess growth trends in the Knoxville region. Across all groups, this area’s data points to a balanced, opportunity-rich environment.

Run This Study Yourself

Want to dive deeper into ZIP 37931 or explore another area? Follow these steps to get customized demographic and housing insights:

• Visit ZipcodeGPT to access a powerful tool for ZIP code analysis.
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• Use the insights to inform your homebuying, investment, or business decisions with confidence.